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The New Delhi Declaration of the G20 reiterated the commitment to reform multilateral development banks. finance ministers have taken this forward at Marrakesh but changes won't occur overnight - Issue Date: Nov 12, 2023
Ahead of the highly-anticipated World Bank-IMF Annual Meetings in Marrakech, the Center for Global Development has unveiled a new tool to track reforms at the multilateral development banks. The Multilateral Development Bank (MDB) Reform Tracker is an innovative platform that explores how the six largest MDBs[1] are making progress on the three major reform agendas:
G20 leaders recognise the pivotal role the multilateral development banks (MDBs) play in tackling global challenges and supporting sustainable development. Now they must more clearly define and carry forward the agenda with urgency and at scale.
Volume II of expert group’s report to be presented in October during World Bank-IMF annual meetings
Innovative financing options should be adopted for the global economy to recover evenly and all sustainability goals to be met